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Homeowners and sellers escape “fiscal cliff” with key benefits
Even thought the Fiscal Cliff was not such a total win win for Homeowners and Sellers, the work done to it by Capitol Hill Came pretty close to something favorable to them.
As LATIMES.com Reported reports in this Blog:
Here's a quick tally sheet on what the new legislation could mean for you as a buyer, seller or owner.
• Do you, like millions of Americans, pay mortgage insurance premiums or guarantee fees on anFHA, VA, Fannie Mae, Freddie Mac or Rural Housing loan? The American Taxpayer Relief Act — the fiscal cliff compromise bill — allows you to write off the insurance premiums you paid during 2012 along with your mortgage interest, provided your household income does not exceed $110,000. Legal authorization for this deduction expired at the end of 2011. But the new bill retroactively permits write-offs for 2012 and 2013 for qualified borrowers.
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Do you want to know the Short Sale Facts for Short ?
Do you want to know the Short Sale Facts for Short ?
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